With the first homes selling in 2023, Heritage is one of Dripping Springs’ newest communities. Built by M/I Homes and Tri Pointe Homes, two builders who are fairly new to the Dripping Springs area, Heritage brings more affordability to one of Austin’s more expensive suburbs. With some smaller lot sizes and homes that are typical of new homes in Dripping Springs, buyers are able to get into this neighborhood for less than virtually all other new communities nearby. Though more affordable, homes are still finished out with some nice touches that go above and beyond what we usually see like blinds, cabinet hardware, keyless garage door entry, high ceilings and Ring Doorbells. Floor plans range from 1,400-3,318 square feet and include 2-4 bedrooms and 2-4 bathrooms. Most plans offer a two car garage. Amenities will include an amenity center, resort style pool, splash pad, playscape, pocket parks and trails. If you’re looking for an affordable, newer neighborhood with amenities in Dripping Springs, Heritage is a great place to start your search. Scroll down to read our Heritage Neighborhood Guide.

Heritage Homes for Sale

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Heritage Neighborhood Map

Heritage is shaded in orange on the map below. Explore other Dripping Springs neighborhoods in our Dripping Springs Neighborhood Guide. Scroll down to continue reading our Heritage neighborhood guide.

Heritage Schools

Kids who live in Dripping Spring’s Heritage neighborhood are served by the Dripping Springs ISD and will likely attend the following schools:

Dripping Springs Elementary - 9/10
Dripping Springs Middle - 8/10
Dripping Springs High - 7/10

School ratings reflect Great Schools ratings as of September 2026. Ratings are subject to change at any time. Please verify ratings and boundaries with the school district.

Heritage Amenities

Heritage neighborhood amenity center entrance gate with outdoor benches and gathering area Dripping Springs TX 78620

Heritage neighborhood amenity center exterior with wood pergola covered seating and stone facade Dripping Springs TX 78620

Heritage neighborhood amenity center outdoor area with iron fence gate and turf green space Dripping Springs TX 78620

Community green space with gazebo pavilion and homes lining the street in Heritage neighborhood Dripping Springs TX 78620

Community playground and park with shade structure surrounded by new homes in Heritage neighborhood Dripping Springs TX 78620

Landscaped common area with sidewalk path rock beds and stone homes lining the street in Heritage Dripping Springs TX 78620

Neighborhood park green space with playground equipment and stone homes in background at Heritage Dripping Springs TX 78620

Heritage Property Tax Rate

The property tax rate in Dripping Springs’ Heritage neighborhood is 1.862% as of the 2025 tax year, up from 1.7435% as of the 2024 tax year. It was 1.6818% as of the 2023 tax year, down from 1.88% as of the 2022 tax year.

Heritage Public Improvement District (PID)

Heritage is located within the Heritage Public Improvement District, established by the City of Dripping Springs under Subchapter A, Chapter 372 of the Texas Local Government Code. Buyers should be aware that this PID assessment is a separate financial obligation in addition to your annual property taxes — it is not included in the standard Hays County property tax rate.

The PID was created to fund public improvements and services within the neighborhood. When you purchase a home in Heritage, an assessment is levied against your property. Depending on your lot type, the principal assessment can be $41,000+, which is then paid over time as an annual installment.

Key things to know about the Heritage PID:

Annual installments are due January 31 each year and typically run approximately $3,300–$3,360/year depending on your lot type
The assessment schedule runs through 2055
The assessment may be paid in full at any time
Annual installment amounts can vary slightly year to year based on interest, collection costs, and administrative fees
Failure to pay the assessment may result in penalties, interest, and a lien on your property
The City of Dripping Springs approves the annual installment amounts each year through its annual service plan update

For the exact assessment amount for a specific property and lot type, contact the City of Dripping Springs directly. Your real estate agent and title company will also disclose the specific assessment during the transaction process.

Ask your agent for the specific PID disclosure for the home you’re considering.

Heritage Photos

Heritage neighborhood entrance monument sign in Dripping Springs TX 78620

Two-story new construction home with limestone base and white board-and-batten siding in Heritage neighborhood Dripping Springs TX 78620

Large two-story limestone home with dark trim accents and covered front porch entry in Heritage neighborhood Dripping Springs TX 78620

Two-story corner lot stone home with wood shutters and pergola over garage in Heritage neighborhood Dripping Springs TX 78620

Two-story farmhouse style home with white board-and-batten siding stone accents and mature landscaping in Heritage Dripping Springs TX 78620

Row of new construction two-story townhomes with white and stone exteriors in Heritage neighborhood Dripping Springs TX 78620

Row of stone and white board-and-batten homes with manicured lawns along neighborhood street in Heritage Dripping Springs TX 78620

One-story white and stone home with single-car garage and mature landscaping in Heritage neighborhood Dripping Springs TX 78620

One-story new construction limestone home with two-car garage and fresh landscaping in Heritage neighborhood Dripping Springs TX 78620

One-story stone home with dark trim and dark garage door in Heritage neighborhood Dripping Springs TX 78620

One-story limestone home with arched covered entry and two-car garage in Heritage neighborhood Dripping Springs TX 78620

New homes for sale with stone and board-and-batten exterior and covered front entry in Heritage Dripping Springs TX 78620

New construction limestone and stone exterior homes with two-car garages in Heritage neighborhood Dripping Springs TX 78620

New construction two-story stone homes with two-car garages on residential street in Heritage neighborhood Dripping Springs TX 78620

Heritage Sold Data – What Heritage Homes Actually Sold For

What sold recently in Heritage and for how much? Understanding actual closed sales — not just list prices — is the clearest way to gauge what’s happening in the local market right now.

For a deeper look at pricing trends across the area, check out our Heritage Sold Data Report.

Heritage Market Stats — 12 Months (9/1/2025 – 8/31/2026)

Homes Sold	97
Bed / Bath Range	3–5 beds, 2–5 baths
Median Sale Price	$452,313
Price Range	$335,000 – $639,000
Median Price Per Sq Ft	$205
Median Home Size	2,251 sq ft
Median Days on Market	74 days
Sale-to-List Ratio	97%

Data sourced from Unlock MLS. 12 months ending August 2026. Statistics deemed reliable but not guaranteed.

Dripping Springs Realtor Specializing in Heritage

Rebecca Jacks and Raymond Stoklosa are Dripping Springs Realtors specializing in Heritage homes. Whether you’re looking to buy or sell a home in Heritage, Rebecca and Raymond know the area well and have the experience and tools necessary to make your next real estate transaction stress free. For more info about who we are and how we work, check out Buying a Home in Heritage and Selling a Home in Heritage.